SEC Form 5
FORM 5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Form 3 Holdings Reported.
X
Form 4 Transactions Reported.
1. Name and Address of Reporting Person*
SEED JAMES MICHAEL

(Last) (First) (Middle)
50 SOUTH MAIN STREET

(Street)
PROVIDENCE RI 02903

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FISCHER WATT GOLD CO INC [ FWGO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2008
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Amount (A) or (D) Price
Common Stock 11/09/2000 J4 3,300,000 A $0.025 12,120,900 I Indirect by James Michael Seed Trust
Common Stock 04/01/2003 M4 500,000 A $0.01 12,620,900 D
Common Stock 07/01/2003 C4 1,650,000 A $0.025 14,270,900 I Indirect by James Michael Seed Trust
Common Stock 12/16/2003 M4(1) 100,000 A $0.1125 14,370,900 D
Common Stock 07/01/2005 J4 875,000 A $0.2 15,245,900 I Indirect by James Michael Seed Trust
Common Stock 10/05/2005 M4(1) 500,000 A $0.01 15,745,900 D
Common Stock 01/20/2006 J5 3,000,000 A $0.05 18,745,900 I Indirect by James Michael Seed Trust
Common Stock 06/30/2007 M4 750,000 A $0.05 19,495,900 I Indirect by James Michael Seed Trust
Common Stock 304,900 I Indirect by Fred M. Seed JMS Childrens Trust
Common Stock 165,800 I Indirect by Fred M. Seed Foundation
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Rt to Buy) $0.01 04/01/2003 4M 500,000 10/27/1999 10/31/2005 Common Stock 500,000 $0.01 0 D
Stock Purchase Warrants (Rt to Buy) $0.025 10/18/2000 4P 1,650,000 10/18/2000 07/01/2003(4) Common Stock 1,650,000 $0.025 1,650,000 I Indirect by James Michael Seed Trust
Stock Purchase Warrants (Rt to Buy) $0.025 07/01/2003 4C 1,650,000 10/18/2000 07/01/2003(4) Common Stock 1,650,000 $0.025 0 I Indirect by James Michael Seed Trust
Stock Option (Rt to Buy) $0.1125 12/16/2003 4M 100,000 12/16/1998 12/16/2003 Common Stock 100,000 $0.1125 0 D
Stock Option (Rt to Buy) $0.01(2) 11/07/2001 4M 500,000 11/07/2001 10/31/2005 Common Stock 500,000 $0.01 500,000 D
Stock Option (Rt to Buy) $0.01 10/05/2005 4M 500,000 11/07/2001 10/31/2005 Common Stock 500,000 $0.01 0 D
Stock Option (Rt to Buy) $0.05 06/02/2002 4M 500,000 06/02/2002 06/30/2007 Common Stock 500,000 $0.05 500,000 I Indirect by James Michael Seed Trust
Stock Option (Rt to Buy) $0.05 06/30/2007 4M 250,000(3) 06/02/2002 06/30/2007 Common Stock 250,000 $0.05 750,000 I Indirect by James Michael Seed Trust
Stock Option (Rt to Buy) $0.05 06/30/2007 4P 750,000 06/02/2002 06/30/2007 Common Stock 750,000 $0.05 0 I Indirect by James Michael Seed Trust
Stock Option (Rt to Buy) $0.1125 07/06/2004 M5 100,000 07/06/2004 07/31/2009 Common Stock 100,000 $0.1125 100,000 D
Stock Option (Rt to Buy) $0.1 07/27/2006 4M 500,000 07/27/2006 07/26/2011 Common Stock 500,000 $0.1 600,000 D
Stock Option (Rt to Buy) $0.1 05/22/2007 M5 300,000 05/22/2007 05/22/2012 Common Stock 300,000 $0.1 900,000 D
Explanation of Responses:
1. Shares issued in consideration of funds loaned to the Issuer, or in repayment of funds loaned to the Issuer, and/or interest on the funds loaned to the Issuer.
2. These stock options were originally granted at an exercise price of $0.05. On November 7, 2001, the Issuer's Board of Directors reduced the exercise price of these stock options to $0.025.
3. Reporting Person acquired stock options by assignment from a director of the Issuer.
4. These stock purchase warrants originally had an expiration date of February 28, 2003. The Issuers Board of Directors extended the expiration date to July 1, 2003.
/s/ James Michael Seed 05/26/2009
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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